Should VP be delegated in a LAND Rental transaction?

by 0x87956abc4078a0cc3b89b419928b857b8af826ed (Nacho)

The Decentraland Foundation is working on a Rentals Protocol to let landowners put their LAND for rent in the Decentraland Marketplace. This will allow any community member who wants to build an experience in Decentraland but does not hold LAND, to rent it for a given period.

Since LAND is an NFT that has Voting Power (VP) attached to it, a discussion and a decision around this need to be made. Currently, there are multiple LAND Rental protocols but with them every time a LAND or Estate is rented, a smart contract functions as the escrow of the asset. Therefore, the asset owner is the Rental smart contract, and that VP gets “lost”. In other words, that VP will be assigned to the Rental smart contract who cannot possibly vote or do anything on the DAO. To fix this, we need a Snapshot strategy that either reassigns the VP to the LAND owner or assign the VP to the renter’s wallet.

The Decentraland Foundation has already created a Snapshot strategy to keep the VP as the owner of the LANDs and Estates, but after discussing with community members the decision was to publish a community signaling poll first before activating the strategy.

Summarizing, this poll tries to understand the community sentiment around the approach, should keep losing circulating VP when renting LANDs or should we maintain that VP in circulation via either the owner or the renter’s wallet?

Note: A follow-up discussion needs to be made regarding other Rental protocols. Since they could also want to have a Snapshot strategy to manage VP, potentially a working group could be made to define the requirements and sort out an implementation plan.

• Yes, VP remain attached to the owner’s wallet.
• Yes, VP should be delegated to the renter's wallet while the rental is active.
• No, VP should not be counted if the LAND/Estate is rented.
• Invalid question/options

Vote on this proposal on the Decentraland DAO